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NO, I do not trade on a ugly chart like this LOL, but wanted to post this EU 1 minute chart to show the move down on Friday during the London and NY session.

This really shows the 15 min rejection/reversal candle was one to trade with, you would have been hurting if you were taking longs on this 1 minute alone.

So:
- 1 Hour gives you the overall view of a session and high/low.
- 15 min will give you the trade forming
- 5 min rat zone will show you exactly when to enter, safely after the
trade has said, ENTER
- 1 min is my preference at the time of the trade actually setup, I will only
watch the 1 min once I know I have the setup, and will exit with 1 min.

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After seeing the sell-off on EU Friday 12-10-2009 I would do a basic
analysis of where it was and where it "should" go.

Remember, I am a reversal trader, and I have to find the most probable areas for setups.

Sure, I watch the 15min chart with a Sema, and I have the 5min setup with the Rat Zone to show areas for high and low of daily, but it is up to me to say, IS THIS THE AREA I WANT TO TRADE???

I will not just start entering a trade because it moves, but I am watching for what I call PREDICTABILITY, that is where "IT" should react, but it is not always where it reacts.

If we put together a system with simple rules, and be SMART traders, we can accomplish a few nice trades per session or day.

In this 1 Hour Chart, I am looking for areas that were previous areas of resistance, support, or a speed bump stall.

Once I review the New York, or London session moves, I come into the ASIA session to trade.

So come market open, or even Monday, I will begin to look for areas of possible STALL or REVERSAL.

I now have my areas to watch, I will then reduce to a 15 min and wait for the proper formation, then once again reduce to the 5 min for a final setup on my trade, and then on the 1 min, I attack and make a very small profitable trade.

I am the true rat, I wait hours and hours, I watch trade after trade go by, and when the move has expired and begins it's reversal - I TRADE.

+7 over and over, +7 one time, two times, three times a day, possibly a -7 thrown in on a final fake continuation.

I add it all up, and my win/loss ratio is lopsided, and my 20-50 pip days add up nicely, and overall, I increase lot sizes based on my total account balance.